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DRAFT MEMORANDUM ON IRAN-ARMENIA RAILWAY CONSTRUCTION WAS SIGNED IN YEREVAN
PanARMENIAN.Net
03.04.2009 17:13 GMT+04:00
/PanARMENIAN.Net/ On Mar. 3 in Yerevan a Draft Memorandum of
Understanding on Iran-Armenia railway construction was signed by RA
Transportation Communication Minister Gurgen Sarkissyan and Iran Road
Transportation Minister Hamid Bihbahani. "RA President Serzh Sargsyan
will sign the Memorandum during his visit in Iran this month," RA
Transportation Minister said at the signing ceremony.
According to Suren Sarkissyan, the project is of significant regional
importance. "To all probability, the mainline though Armenian territory
will extend from city of Jermuk in the direction of Sevan lake,"
he said.
Upon signing the memorandum, the Iranian Minister noted that he
railway will be 470 km long, with 410 km of the main line passing
trough Armenia's territory. "The projects actually repeats the route
of the Silk Road, in its railway edition," he said.
Bihbahani explained that 3-phased construction works are planned,
involving project feasibility studies ( up to 1,5 years) route
determination , map drawing (up to 1,5 years) and, finally, the
construction (3 to 4 years). Thus, Iran-Armenia railway construction
is expected to be completed in 5 years According to him, budget
expenditures will total around $1 billion. "Construction credits are
being actively negotiated with WB and the Asian Bank," said Iranian
Minister adding that Russia takes major interest in the project and
will probably be ready to invest.
From: Baghdasarian
PanARMENIAN.Net
03.04.2009 17:13 GMT+04:00
/PanARMENIAN.Net/ On Mar. 3 in Yerevan a Draft Memorandum of
Understanding on Iran-Armenia railway construction was signed by RA
Transportation Communication Minister Gurgen Sarkissyan and Iran Road
Transportation Minister Hamid Bihbahani. "RA President Serzh Sargsyan
will sign the Memorandum during his visit in Iran this month," RA
Transportation Minister said at the signing ceremony.
According to Suren Sarkissyan, the project is of significant regional
importance. "To all probability, the mainline though Armenian territory
will extend from city of Jermuk in the direction of Sevan lake,"
he said.
Upon signing the memorandum, the Iranian Minister noted that he
railway will be 470 km long, with 410 km of the main line passing
trough Armenia's territory. "The projects actually repeats the route
of the Silk Road, in its railway edition," he said.
Bihbahani explained that 3-phased construction works are planned,
involving project feasibility studies ( up to 1,5 years) route
determination , map drawing (up to 1,5 years) and, finally, the
construction (3 to 4 years). Thus, Iran-Armenia railway construction
is expected to be completed in 5 years According to him, budget
expenditures will total around $1 billion. "Construction credits are
being actively negotiated with WB and the Asian Bank," said Iranian
Minister adding that Russia takes major interest in the project and
will probably be ready to invest.
From: Baghdasarian